For single taxpayers
and married taxpayers filing separately: $200,000 on the last day of the year or $300,000 anytime during the year; and
There is also the revival of the "Pease" limitation on itemized deductions and the personal exemption phase-out for taxpayers whose taxable income exceeds $250,000 for single taxpayers
and $300,000 for married taxpayers.
Total assets, not including the house, can not exceed $28,000 for single taxpayers
and $30,000 for married taxpayers.
42) As was last year, single taxpayers
with an adjusted gross income (AGI) of $65,000 or less and married filing jointly taxpayers with an AGI of less than $130,000 will be able to deduct $4000 for higher education tuition and fees.
The wider the disparity, the higher the tax on the single taxpayer
The simulated tax returns for single taxpayers
are shown in Table 6.
And the maximum taxable income subject to the 10% tax rate has increased to $7,000 for single taxpayers
and married taxpayers filing separately ($14,000 for married taxpayers filing jointly and qualifying widowers).
37 percent for single taxpayers
making more than $75,000.
Phasing in over the next several years, this Act offers a handful of provisions that will alleviate the marriage tax penalty; provisions that will effectively treat married filers the way they treat two single taxpayers
Taxpayers (6) that are affected by the marriage relief provisions generally fall into two categories: single taxpayers
and married individuals filing joint returns.
A new 10 percent tax bracket applies to taxable income up to $6,000 for single taxpayers
, $10,000 for head of households and $12,000 for joint returns retroactive to January 1, 2001.
McClintock's bill, expected to be introduced today, would order the state Controller's Office to mail a check for $530 to every taxpayer who filed in 2000 as married or ``head of household'' and for $200 to single taxpayers